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Nov 10 2017

Tax Reform Or Not, The Budget Is Already Busted

  • Nov 10, 2017

In 2010 and 2011, we were sometimes chastised for not paying more attention to exploding federal  deficits, which at the time were running between 8% to 10% of GDP. We argued that a substantial share of these budget shortfalls was cyclical in nature, and would eventually be reversed by an improving economy.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager